Poly Property Services Co., Ltd. (06049) announced that, as of 30 October 2025, the company’s performance assessment indicators in 2024 did not meet the stipulated unlocking criteria for the third tranche of the Initial Grant under its First Phase Restricted Share Incentive Scheme. A total of 1,604,732 Restricted Shares will not be unlocked, representing approximately 0.29% of the company’s total share capital. These shares involve 185 scheme participants, accounting for 34% of the Restricted Shares granted to these participants.

According to the approved resolution, the Trustee or other third parties will purchase back these unlocked Restricted Shares in accordance with laws and regulations at the lower of the Grant Price or the market price. The company intends to authorize the Trustee to repurchase the shares at the Grant Price of HK$25.71 per share, financed by the company’s own capital. This transaction will not alter the company’s share capital structure and will not have a material impact on its financial position or operating results.

The audit committee and the independent non-executive directors of Poly Property Services have confirmed the non-fulfillment of the unlocking conditions and approved the purchase back of the corresponding shares. Two executive directors, also scheme participants under the Initial Grant, abstained from voting on the relevant board resolutions. The scheme is a share scheme funded by existing shares of the listed issuer in accordance with the Listing Rules, and Poly Property Services will disclose further details in its annual report.